Scion Asset Management Portfolio holdings
Scion Asset Management, LLC, founded in 2013 by Dr. Michael J. Burry and headquartered in Saratoga, California, is a private investment firm managing approximately $196 million in discretionary assets across four private investment funds as of early 2024. Led by Burry, famously portrayed in *The Big Short* for predicting the 2008 subprime mortgage crisis, the firm focuses on long-term capital appreciation through a value-oriented, research-driven approach, investing in a diverse range of securities including equities, debt, and derivatives, often with a contrarian bent. Unlike traditional advisory firms, Scion caters exclusively to institutional clients and pooled investment vehicles, such as its Cayman Islands- and Delaware-based funds, requiring minimum investments from $500,000 to $1.5 million, and does not serve individual retail investors directly. With a small team of six, including key figures like COO Zaeed Kalsheker, Scion maintains a low-profile yet influential presence, leveraging Burry’s deep market insights to navigate complex economic landscapes.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GameStop
GME
|
+$13M |
| 2 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$7.24M |
| 3 |
TLRD
Tailored Brands, Inc.
TLRD
|
+$5.19M |
| 4 |
Canadian Natural Resources
CNQ
|
+$3.8M |
| 5 |
NVTR
Nuvectra Corporation Common Stock
NVTR
|
+$379K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Digital
WDC
|
+$11.9M |
| 2 |
Cleveland-Cliffs
CLF
|
+$11.7M |
| 3 |
FedEx
FDX
|
+$9.85M |
| 4 |
Cardinal Health
CAH
|
+$9.42M |
| 5 |
Alibaba
BABA
|
+$8.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 76.5% |
| 2 | Communication Services | 16.36% |
| 3 | Energy | 6.7% |
| 4 | Technology | 0% |
| 5 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
GameStop
GME
$9.83B
| $16.6M | 27.78% |
+12,000,000
| New | +$13M |
|
|
TLRD
2
DELISTED
Tailored Brands, Inc.
TLRD
| $12.7M | 21.22% |
2,875,000
+1,025,000
| +55% | +$5.19M |
|
3
Alphabet (Google) Class C
GOOG
$4.16T
| $9.75M | 16.36% |
160,000
-20,000
| -11% | -$1.18M |
|
4
Sportsman's Warehouse
SPWH
$45.7M
| $8.42M | 14.12% |
1,625,000
+27,989
| +2% | +$120K |
|
|
BBBY
5
DELISTED
Bed Bath & Beyond Inc
BBBY
| $7.98M | 13.39% |
+750,000
| New | +$7.24M |
|
|
6
Canadian Natural Resources
CNQ
$96.4B
| $4M | 6.7% |
+306,300
| New | +$3.8M |
|
|
NVTR
7
DELISTED
Nuvectra Corporation Common Stock
NVTR
| $263K | 0.44% |
+193,491
| New | +$379K |
|
|
8
Alibaba
BABA
$280B
| – | – |
-50,000
| Closed | -$8.47M |
|
|
9
Cardinal Health
CAH
$54.2B
| – | – |
-200,000
| Closed | -$9.42M |
|
|
10
Cleveland-Cliffs
CLF
$6.49B
| – | – |
-1,100,000
| Closed | -$11.7M |
|
11
Walt Disney
DIS
$172B
| – | – |
-60,000
| Closed | -$8.38M |
|
|
12
FedEx
FDX
$73.3B
| – | – |
-60,000
| Closed | -$9.85M |
|
|
13
Western Digital
WDC
$169B
| – | – |
-330,750
| Closed | -$11.9M |
|
|
GSKY
14
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| – | – |
-600,000
| Closed | -$7.37M |
|
Similar funds
Scion Asset Management's Q3 2019 Portfolio in Review
As of Q3 2019, Scion Asset Management held 14 positions worth $59.6M, down 36% from $93.6M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Scion Asset Management withdrew a net $38.6M in Q3 2019, closing 7 positions and reducing 1 holding. Its most notable exit was Western Digital, an estimated $11.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 77% of assets, up from 27% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Scion Asset Management opened a new position in GameStop worth $16.6M.
- Scion Asset Management's largest Q3 2019 buy was GameStop: 12,000,000 shares worth $16.6M.
- Scion Asset Management added most to Tailored Brands, Inc. in Q3 2019, an estimated $5.19M increase.
- Scion Asset Management's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $1.18M.
- Scion Asset Management fully exited Western Digital in Q3 2019, selling an estimated $11.9M.
- Scion Asset Management's ten largest holdings make up 100% of its $59.6M portfolio in Q3 2019.
- Scion Asset Management opened 4 new positions and closed 7 in Q3 2019.
- Scion Asset Management's portfolio value fell 36% quarter-over-quarter to $59.6M.
Based on Scion Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.